BUSINESS DAY TV: ‘We need to diversify from commodities ... go into the civil sector’
Master Drilling CEO Danie Pretorius speaks about full-year results, which show a strong second-half turnaround after the weak economy weighed on first-half numbersBUSINESS DAY TV: Master Drilling is set to pay a maiden dividend of 30c per share on the back of its 2016 financial performance, but that doesn’t mean it’s going to be cutting back on its investments in capital projects.CEO Danie Pretorius joins us now on News Leader. Danie, so declaring your maiden dividend after four years as a listed company, are we reading too much into things if we assume that you’re sitting in a sweet spot at the moment? Because this is, to an extent, illustrative of your confidence in being able to sustain earnings momentum, but then again, a stabilised environment is nothing to really get too excited about, is it?DANIE PRETORIUS: Yes, two things are important to note. We said from listing when we did the IPO that we would go through initial capital spend and we’re getting close to a point where, to...
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